The cost of living in Romania varies depending on the city and the lifestyle of the individual. However, compared to Western European countries, Romania generally has a lower cost of living. In the capital city of Bucharest, the cost of living is slightly higher compared to other cities in Romania, but it is still lower compared to most Western European cities.
Expenses such as food, transportation, and utilities are generally lower in Romania compared to other countries. Housing costs, however, can vary greatly depending on the location and quality of the property. In general, rental prices in Romania are relatively low, but purchasing a property can be more expensive.
When it comes to taxes, Romania has a flat tax rate of 16% for both personal and corporate income. Value Added Tax (VAT) is set at 19% for most goods and services, with a reduced rate of 9% for certain items.
Overall, the cost of living in Romania is lower compared to many Western European countries, making it an attractive option for those looking for a more affordable lifestyle. However, it’s important to consider individual expenses and personal preferences when comparing the cost of living in Romania to other countries.